sebi:WTM/MPB/EFD-1-DRA-3/07-A/2019
Facts / Headnote
Directions issued holding Mr. Man Singh Verma jointly and severally liable to refund money collected by SRREBSL during his tenure as director, with debarment from securities market and from holding director/KMP positions, subject to a 365-day condition regarding production of a competent authority order on his forgery allegation.
Provisions invoked
- s. 11B
- s. 11A
- s. 19
- s. 12
Regulations relied on
- SEBI (CIS) Regulations, 1999 — 3
- SEBI (CIS) Regulations, 1999 — 65
- SEBI (CIS) Regulations, 1999 — 73
Parties
- Mr. Man Singh Verma
Holding
Mr. Man Singh Verma, having been a director of SRREBSL during the period of fund mobilisation, is jointly and severally liable to refund the money collected under the unregistered collective investment schemes, and is debarred from the securities market and from holding director/KMP positions, subject to a 365-day window to produce a competent authority order establishing forgery of his signature.
Full text
Order in the matter of Shri Ram Real Estate and Business Solution Limited in respect of Mr. Man Singh Verma Page 2 of 11
Order in the matter of Shri Ram Real Estate and Business Solution Limited in respect of Mr. Man Singh Verma Page 3 of 11
Order in the matter of Shri Ram Real Estate and Business Solution Limited in respect of Mr. Man Singh Verma Page 4 of 11
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Source: SecMarx — sebi:WTM/MPB/EFD-1-DRA-3/07-A/2019. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.